ONGC currently contributes approximately 75 percent of India's oil production and 54 percent of the country's gas production.

"We are extremely pleased to be bringing our wealth of experience in deepwater well construction to ONGC's operations in India's deep waters," notes Richard Ward, president of Asia Pacific for Baker Hughes. "The size and scope of this project provide Baker Hughes a strong foundation from which to grow our operations in India's deepwater province. We look forward to further strengthening the relationship with ONGC by delivering increased value to their operations from our technology and service portfolio."